India's net FII inflows top $150 billion

Foreign institutional investors (FIIs) continued to pump in money into Indian equity markets, with their cumulative net inflow crossing the $150-billion mark.

FIIs net inflows touched nearly $151 billion (Rs 7,12,974 crore), since their entry into Indian capital markets in 1992-93, according to the Securities and Exchange Board of India.

FIIs invested aggressively in India over the past year. Since 2012, the foreign investors have poured in about a third or $48.87 billion (Rs 2,68,052 crore) of their total net investments in Indian equities.

Of the $48.87 billion, as much as $13 billion was invested in the eight months since September 2013, following the measures taken by the Reserve Bank of India to boost the weakening rupee and revive economic growth and on expectations of a stable government of the Bharatiya Janata Party-led National Democratic Alliance after the elections in May.

A strong rally in equity market from an August 2013 low has seen a sharp value appreciation in stock s held by FIIs.

Total value of FII investment in 1,241 Indian companies stood at Rs 14,16,292 crore according to the latest shareholding pattern data disclosed by these companies. This accounted for 19 per cent of the total market capitalisation of all companies listed on the BSE.